Luxembourg, Mauritius Sign DTA Protocol

by Ulrika Lomas, Lowtax.net, Brussels
03 February, 2014

Pierre Gramegna, Luxembourg's Finance Minister, and Jagdish Dharamchand
Koonjul, Ambassador to the Republic of Mauritius, have signed a protocol, amending
the bilateral agreement in place between the two countries, aimed at avoiding
double taxation and preventing tax evasion, with respect to taxes on income
and on wealth.

The accord, which was signed on the margins of the latest Ecofin meeting in
Brussels, modifies a number of provisions, and provides notably for the exchange
of information upon request between the tax administrations of the treaty partner
states, in accordance with the OECD Model Convention.

Highlighting its significance, the Luxembourg Government emphasized that the
agreement is of "major importance" for the Luxembourg financial center,
specifically in terms of the development of its international activities. The
conclusion of the treaty is to be seen within the framework of Government efforts
to pursue the enlargement of its network of double tax treaties.

Luxembourg has so far concluded around sixty agreements, of which thirty contain
the OECD standard.

Important Notice: Wolters Kluwer TAA Limited has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.